Investing
Morgan Stanley Hoping to Raise $3 Billion for Global Property Fund
China’s Foreign Exchange Administration, SAFE to Invest in American Real Estate
InterContinental Hotel Group Opens its 200th Hotel in China
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
It has been a long time since Fidel Castro, the Cuban Communist revolutionary, played a few strokes of golf with his radical counterpart, Che Guevara and fifty years since the former ordered all the golf courses to be shut down because he thought that the game was a hobby for the elites. However, times have changed and the island of Cuba has decided to cater to the demand of affluent tourists rather than comply with the late president’s orders. Cuba’s government has approved a luxury golf course project which will be designed by golfing legend, Tony Jacklin. Fake 'Pastor' Charged in Houston Real Estate Investment Scheme
A self-proclaimed pastor from Houston ran a religious-themed investment program that turned out to be a scam and has led him to be charged with 24 counts of fraud, according to reports. Blackstone and Prologis to Acquire $960 Million Warehouse Portfolio
A unit of Blackstone Group LP, a popular real estate firm and Prologis, a real estate Investment Trust has agreed to purchase a 17 million square feet warehouse portfolio worth $960 million, according to several media reports. Bill Ackman led Investor Group Buying Manhattan Duplex Penthouse for $90 Million
A group of investors being led by Hedge Fund manager, Bill Ackman is under contract to buy a plush duplex penthouse in Manhattan’s One57, a 90 story building, still under construction, for around $90 million. Empire State Building IPO Plan on the Verge of Shareholder Approval
The controversial move of taking the historic Empire State Building public is almost on the verge of gaining majority approval from shareholders, as 79.6 percent of unit-holders have voted for the plan. Builder Confidence in New Single Family Homes Strengthens in May; NAHB Report
Confidence among U.S. builders for new single family homes improved in May to reach 44 points, after dropping slightly in April from the values of March, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). China Home Sales Drop 13 Percent in April on Housing Curbs
Home sales in China dropped 13 percent in April when compared to the figures of a month ago due to the various housing curb measures imposed by the Chinese government. Builders Submit Bids for Seward Park Lot Development
Plans of improving the Seward Park Lot on the Lower East Side of New York City have received a fresh boost as many affluent developers have submitted their bids to develop the six acre parcel. The large lot has nine separate plots. Bids were solicited for one or more plots. Fannie Mae to Pay Back $59.4 Billion to US Treasury Department after Record Quarterly Profits
The Federal National Mortgage Association, popularly known as Fannie Mae will be paying back $59.4 billion to the U.S. Treasury as it reports record quarterly profits and hopes to capitalize on the loans it had received from the department during the housing crisis. Builder Confidence in 55+ Single Family Housing Market Rises in First Quarter of 2013: NAHB
The 55+ single family Housing Market Index (HMI) analyzed by the National Association of Home Builders (NAHB), rose to reach 46 points in the first quarter of 2013, making it the highest first quarter point recorded since the introduction of the measure in 2008.
